51 Why do fluctuations in currency exchange rates create problems for a firm conducting business internationally? A Currency conversions of financial transactions complicate financial reporting requirements The Financial Accounting Standards Board (FASB) and IASB requirements for currency exchange reporting are unified O Fees for currency exchange diminish the firm's profits The International Accounting Standards Board (IASB) requires that transactions must be reported in the currency of the country in which the transaction took place NEXT >> BOOKMARK CLEAR